Mar
17
Federal Judge Dismisses Class Action Alleging Bank Allowed Unauthorized Payments
March 17, 2012 | Leave a Comment
LOS ANGELES – A federal judge in California on Feb. 1 dismissed a putative class action accusing Bank of America Co. and an affiliate insurer of pulling money from customers’ bank accounts to pay for insurance policies that customers did not request or approve (Jerome White, et al. v. Bank of America Corp., et al., [...]
Dec
19
Parties In Defective Chinese Drywall Litigation Propose Class Action Settlement
December 19, 2011 | Leave a Comment
NEW ORLEANS – Parties in the Chinese drywall multidistrict litigation in a Louisiana federal court on Dec. 15 announced a proposed class action settlement that would potentially resolve thousands of claims involving defective drywall manufactured by Knauf Plasterboard Tianjin (KPT) (In re: Chinese-Manufactured Drywall Products Liability Litigation, No. 2:09md02047, E.D. La.). LexisNexis® Mealey’s™ Daily Legal [...]
Dec
4
Judge Grants Preliminary Approval Of $ 145M Settlement In Securities Class Action
December 4, 2011 | Leave a Comment
PHOENIX – A federal judge in Arizona on Nov. 29 preliminarily approved a $ 145 million settlement between shareholders and Apollo Group Inc. and certain of its executive officers to end the long-running securities class action lawsuit (In re Apollo Group, Inc. Securities Litigation, No. 04-2147, D. Ariz.). LexisNexis® Mealey’s™ Daily Legal News
Nov
13
High Court Won’t Hear Appeal In Dana Corp. Securities Class Action Suit
November 13, 2011 | Leave a Comment
WASHINGTON, D.C. – The U.S. Supreme Court on Nov. 7 ruled that it will not hear an appeal of a Sixth Circuit U.S. Court of Appeals ruling that shareholders have properly pleaded scienter in making their federal securities law claims against two executive officers of Dana Corp. (Michael J. Burns, et al. v. Plumbers & [...]
Nov
1
Motion To Dismiss In Oppenheimer Securities Class Action Substantially Denied
November 1, 2011 | Leave a Comment
DENVER – Lead plaintiffs in a multidistrict litigation have failed to plead their claim under Section 13(a) of the Investment Company Act, but have properly pleaded all other federal securities law claims, a federal judge in Colorado ruled Oct. 24 in substantially denying defendants’ motions to dismiss (In re Oppenheimer Rochester Funds Group Securities Litigation, [...]
Sep
29
Subscribers’ Action To Recover Unpaid Benefits In Reimbursement Scheme Continues
September 29, 2011 | Leave a Comment
NEWARK, N.J. – A federal judge in New Jersey on Sept. 23 ruled that health plan participants’ claims that insurers violated the Employee Retirement Income Security by basing their reimbursement rates for out-of-network services on flawed data may continue, but the judge dismissed health care providers’ claims and the participants’ antitrust claims and failure-to-provide-information claims [...]
Jul
8
Split 2nd Circuit Allows Female Employees To Proceed With Class Arbitration Action
July 8, 2011 | Leave a Comment
NEW YORK – A group of women who allege that they were paid less than their male counterparts while selling jewelry may proceed with their claims as a class action in arbitration, a split Second Circuit U.S. Court of Appeals panel ruled July 1, reversing a ruling by a U.S. District Court for the Southern [...]
Jul
5
OAKLAND, Calif. – A federal judge in California on May 25 found that a class action plaintiff failed to plead her unfair trade practices and consumer remedies law claims against several skilled nursing facility entities with enough specificity. The judge allowed the plaintiff to replead claims against a potential nursing home parent company, according to [...]